Dunedin Enterprise invests in Blackrock Programme

RNS Number : 0888J

Dunedin Enterprise Inv Trust PLC

01 April 2015

 

Dunedin Enterprise invests in Blackrock Programme Management

1 April 2015 - Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise") has, through the Dunedin Buyout Fund III, made a £5 million investment in Blackrock Programme Management ("Blackrock PM").

Blackrock PM is a professional services firm that provides independent expert witness and construction consulting services for large, international construction projects.  The London based company has increased turnover tenfold from £1 million to £10 million between 2010 and 2014, and is expecting further significant growth in 2015. 

Headquartered in London, Blackrock PM is widely recognised as a market leader, employing individual directors who are experts in their field.  Blackrock PM has worked on an extensive range of projects around the globe, including airports, roads, railways, power stations, process plants, manufacturing facilities, health and educational facilities and commercial buildings.  The company has advised on many high profile projects in London and globally including The Shard, Blackfriar's Bridge, Heathrow Airport and the East London Line. Blackrock PM works with many of the world's leading construction litigation law firms and barristers.

Giles Derry, Partner at Dunedin, the manager of Dunedin Enterprise said:

"Blackrock is a market leader with a strong pipeline of high profile contracts and is currently advising on over $4 billion of construction disputes. This investment will support an active expansion strategy, through ongoing organic growth as well as selective acquisitions. Blackrock intends to expand its international focus and, following this investment, is planning to open new offices in Dubai, Singapore and other international arbitration centres."

 

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